Independent public register · 307 firms on file · 608 legal entities · 52 carry a published regulator noticeREGISTER SYNC 2026-09-01
EnglishEN
pipvet.comBroker Status RegisterReport a broker
CautionRECORD BW-4000LICENSED — WITH A STRUCTURAL CAVEAT

XM

4 legal entities are on file for this firm, across 4 jurisdictions. The strongest supervision on file is Tier 1.

Caution means: The group holds a licence we could verify, but the record shows a caveat you have to read: an offshore entity in the same structure, a registration that is not a financial licence, or leverage well above tier-1 retail caps.

LAST CHECKED 2026-09-15ENTITIES 04JURISDICTIONS 04BEST TIER T1CONFIDENCE MEDIUMREGISTER SYNC 2026-09-01
Jurisdiction gap — read this before you deposit

Holds a tier-1 licence (ASIC) alongside 3 other live entities. Which one your account sits under determines the protection you get.

A group can hold a tier-1 licence and still onboard you through an offshore entity in the same structure. The licence protects clients of the entity that holds it — not every client of the brand. Check which company name appears on your own client agreement, then look that company up in the table below.

Entity-by-entity licence record

One row per legal entity in this firm's structure. Numbers are reproduced exactly as published; every row links to the source we read them from.

Legal entityAuthority / registryNumberJurisdictionTierWhat it isSource
CySECnot verifiedCyprusT2Financial licence
ASICnot verifiedAustraliaT1Financial licence
DFSAnot verifiedUAET2Financial licence
IFSCnot verifiedBelizeT3Financial licence

Scroll the register sideways — the entity column stays pinned.

Paste any number above into the named authority's own search. If a number a firm advertises does not return that firm on the authority's register, treat the claim as unverified.

What the record says

Statements of fact drawn from the entities above. Each one is checkable against a source URL in the licence table.

    Not verified at last check

    Recorded openly rather than filled with a plausible guess. A blank on this register means we could not confirm it on 2026-09-15.

    Nothing outstanding on this record

    Every field we hold for this firm was confirmed against a source at the last check. That is a statement about 2026-09-15, not a permanent guarantee.

    Account conditions on file

    As published by the firm. Blank fields were not confirmed.

    Incorporated2009
    Registered officeLimassol, Cyprus
    Minimum deposit5 USD
    Leverage offered1:30 (retail) / up to 1:1000 (offshore)
    Quoted EUR/USD spread0.8 pips
    Trading systemsMT4 · MT5
    Account tiersStandard · Ultra Low · Zero

    Leverage above a tier-1 retail cap is normally only available through an offshore entity. If the figure above is far above 1:30, check which entity is offering it in the licence table.

    Sources

    Every URL below was read before this record was published.

    • IFSC
      Belize
      RETRIEVED 2026-09-15